Burke & Herbert Financial Services Corp. (BHRB) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-01

Key Insights

LINKBANCORP (LNKB) merger with Burke & Herbert Financial Services (BHRB) closed on May 1, 2026, converting Diane Poillon's 14,285 LNKB shares into 1,928 BHRB shares at a 0.1350 conversion ratio, indicating a significant equity restructuring event.
Director Poillon's stock options from LNKB were converted into BHRB options with identical terms (675 options, $74.08 exercise price, expiration 06/14/2029), demonstrating continuity of equity incentive plans post-merger.
The transaction was executed via merger agreement rather than open market activity, representing a mandatory conversion event rather than voluntary insider buying or selling, which limits insight into insider conviction about BHRB's valuation.

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Earlier Insider Trading filings

Filed: 2026-05-01

Merger completion: LINKBANCORP, Inc. (LNKB) merged into Burke & Herbert Financial Services Corp. (BHRB) on May 1, 2026, with BHRB as the surviving entity, representing a significant corporate restructuring event.
Stock conversion: Director Kristen Snyder's 62,358 LNKB shares were converted at a ratio of 0.1350 BHRB shares per LNKB share, resulting in 8,418 BHRB shares acquired, indicating a merger-driven acquisition rather than voluntary insider buying.
Insider status maintained: Snyder remains a Director of the combined entity post-merger, suggesting continuity of leadership and potential confidence in the merged company's direction.

Filed: 2026-05-01

Carl D. Lundblad, EVP and Chief Operating Officer, acquired 12,195 shares of BHRB common stock (10,485 direct + 1,710 indirect via IRA) on May 1, 2026, resulting from the merger of LINKBANCORP into Burke & Herbert Financial Services Corp.
The acquisition reflects a conversion of Lundblad's LNKB holdings at a 0.1350 exchange ratio, indicating he maintained a significant stake through the merger process with no voluntary buying or selling activity.
Lundblad's derivative securities (4,050 stock options and 8,100 warrants, both exercisable at $74.08) were also converted from LNKB instruments, demonstrating continuity of incentive compensation post-merger.
As a senior executive, Lundblad's retention of substantial equity positions (12,195 shares plus derivatives representing 12,150 additional shares) signals management confidence in the merged entity's future performance.

Filed: 2026-04-29

Director Shawn Patrick McLaughlin purchased 1,000 shares of BHRB at a weighted average price of $63.55 on April 29, 2026, signaling insider confidence in the company at current valuation levels.
Following the transaction, McLaughlin's direct beneficial ownership increased to 69,000 shares, with an additional 1,000 shares held indirectly through McLaughlin Ryder Investments, Inc., demonstrating substantial personal investment in the company.
The purchase was executed through multiple transactions within a narrow price range ($63.53-$63.55), suggesting methodical accumulation rather than opportunistic buying and indicating stable stock performance during the transaction period.
As a Director and significant shareholder with over 70,000 shares beneficially owned, McLaughlin's continued buying activity may be viewed positively by investors as insider support for the stock's value proposition.

Filed: 2026-04-28

Director Shawn Patrick McLaughlin purchased 1,000 shares of BHRB at $64.80 per share on 04/28/2026, representing a direct acquisition of common stock and signaling insider confidence in the company at current valuations.
McLaughlin's beneficial ownership increased to 68,000 shares following this transaction, with 1,000 shares held indirectly through McLaughlin Ryder Investments, Inc., demonstrating substantial personal stake in the company's performance.
The transaction was executed on the same date as the filing (04/28/2026) with no indication of Rule 10b5-1 trading plan involvement, suggesting opportunistic rather than pre-planned purchases by this director-level insider.

Filed: 2026-03-04

The reporting person, Lauren N. Kimlel, acquired 130 shares of the issuer's common stock through the company's Employee Stock Purchase Plan (ESPP) at a discounted price of $54.026 per share.
This transaction is exempt from short-swing profit rules under SEC Rule 16b-3, indicating the company's ESPP is part of the executive compensation structure.
The reporting person now holds a total of 3,848 shares of the issuer's common stock, representing their direct ownership in the company.

Filed: 2026-03-04

The reporting person, Shannon B. Rowan, an Executive Vice President at Burke & Herbert Financial Services Corp. (BHRB), acquired 63 shares of the company's common stock through the 2023 Employee Stock Purchase Plan on February 28, 2026.
The shares were purchased at a discounted price of $54.026 per share, which is 85% of the closing price on the start date of the purchase period.
This transaction represents a small increase in the reporting person's direct ownership of BHRB common stock, which now totals 5,123 shares.

Filed: 2026-03-04

Jennifer P. Schmidt, the EVP and Chief Risk Officer, acquired 231 shares of Burke & Herbert Financial Services Corp. (BHRB) common stock on February 28, 2026 through the company's Employee Stock Purchase Plan (ESPP), indicating their confidence in the company's prospects.
The shares were acquired at a discounted price of $54.026 per share, which is 85% of the closing price on the start date of the ESPP purchase period, demonstrating the attractive employee benefits offered by the company.
Insider transactions like this can signal management's belief in the company's future performance and may be of interest to investors evaluating the stock.

Filed: 2026-03-04

Robert Victor Hintelmann Jr., the Chief Credit Officer of Burke & Herbert Financial Services Corp. (BHRB), acquired 74 shares of the company's common stock on February 28, 2026 through the employee stock purchase plan (ESPP) at a discounted price.
Hintelmann's direct ownership of BHRB shares increased to 5,624 shares following this transaction, indicating his confidence in the company.
The ESPP transaction was conducted in accordance with Rule 16b-3(c) and Rule 16b-3(d), which provide exemptions for certain employee benefit plan purchases.

Filed: 2026-03-04

The reporting person, Patrick K. Huffman, purchased 109 shares of Burke & Herbert Financial Services Corp. (BHRB) on February 28, 2026 under the company's Employee Stock Purchase Plan (ESPP), which represents a direct ownership increase.
The shares were purchased at a discounted price of $54.026 per share, which is 85% of the closing price on the start date of the ESPP purchase period.
Insider purchases, especially through company-sponsored programs like the ESPP, can be seen as a positive signal about the reporting person's confidence in the company's future prospects.

Filed: 2026-02-19

The reporting person, Lauren N. Kimlel, has received an award of 600 time-based restricted stock units (RSUs) from Burke & Herbert Financial Services Corp. (BHRB), indicating potential insider confidence in the company's future performance.
The RSUs will vest in three equal annual installments, suggesting a long-term incentive structure that aligns the reporting person's interests with those of shareholders.
As an Executive Vice President of Branch Banking, the reporting person's acquisition of these RSUs could signal positive expectations for the company's growth and profitability in the coming years.

Filed: 2026-02-19

Robert Victor Hintelmann Jr., the Chief Credit Officer, has been granted 2,050 time-based restricted stock units (RSUs) which will vest over three years, indicating management's confidence in his leadership and the company's future performance.
The insider transaction is a positive sign as it aligns the interests of the executive with those of the shareholders through equity-based compensation.
The filing does not indicate any significant changes in the insider's beneficial ownership, suggesting a stable management team focused on long-term value creation.

Filed: 2026-02-19

The filing indicates that Angela R. Zirk, the EVP and Chief Experience Officer of Burke & Herbert Financial Services Corp., has been granted 600 time-based restricted stock units (RSUs) that will vest over three years, suggesting the company is incentivizing key leadership to remain with the organization.
Zirk also holds an additional 1,928 shares of company stock indirectly through an IRA, indicating she has a substantial personal stake in the firm's performance.
The timing of this RSU grant, in January 2026, suggests the company may be looking to retain and motivate its leadership team as it navigates the current market environment.

Filed: 2026-02-19

The reporting person, Jennifer Palmer Schmidt, was awarded 925 time-based restricted stock units (RSUs) that will vest over three years, indicating potential insider confidence in the company's long-term prospects.
Schmidt holds the position of EVP and Chief Risk Officer, suggesting her role in overseeing the company's risk management and overall strategic direction.
The award of RSUs, which will be settled in common stock, aligns Schmidt's incentives with those of other shareholders and may signal management's belief in the company's future performance.

Filed: 2026-02-19

The reporting person, Patrick K. Huffman, received an award of 495 time-based restricted stock units (RSUs) that will vest in three equal annual installments subject to his continued employment.
The award of RSUs represents an increase in Huffman's beneficial ownership of Burke & Herbert Financial Services Corp. (BHRB) common stock, indicating management's confidence in the company's future performance.
The transaction is routine and aligns with the company's executive compensation program, which aims to incentivize and retain key personnel.

Other reports for Burke & Herbert Financial Services Corp.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.